Capital & Counties Properties PLC (CAPC) Given Consensus Recommendation of “Hold” by Analysts
Capital & Counties Properties PLC (LON:CAPC) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 231.36 ($3.07).
A number of brokerages have commented on CAPC. Numis Securities Ltd raised shares of Capital & Counties Properties PLC to an “add” rating and set a GBX 305 ($4.05) price objective for the company in a research note on Wednesday. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 75 ($1.00) price objective on shares of Capital & Counties Properties PLC in a research note on Wednesday, August 23rd. Peel Hunt reissued a “hold” rating and issued a GBX 61 ($0.81) price objective on shares of Capital & Counties Properties PLC in a research note on Thursday, August 10th. Liberum Capital lowered their target price on shares of Capital & Counties Properties PLC from GBX 300 ($3.99) to GBX 285 ($3.79) and set a “hold” rating for the company in a report on Tuesday, August 1st. Finally, HSBC Holdings plc lowered shares of Capital & Counties Properties PLC to a “hold” rating and lowered their target price for the stock from GBX 66 ($0.88) to GBX 62 ($0.82) in a report on Thursday, June 29th.
Shares of Capital & Counties Properties PLC (CAPC) opened at 270.40 on Wednesday. Capital & Counties Properties PLC has a 1-year low of GBX 254.50 and a 1-year high of GBX 326.10. The company’s market capitalization is GBX 2.29 billion. The firm has a 50-day moving average of GBX 265.60 and a 200 day moving average of GBX 291.86.
The business also recently disclosed a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date was Thursday, September 7th. This represents a yield of 0.17%.
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In related news, insider Gerry Murphy acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of GBX 307 ($4.08) per share, for a total transaction of £61,400 ($81,583.84). Also, insider Situl Jobanputra acquired 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were bought at an average price of GBX 296 ($3.93) per share, with a total value of £111,000 ($147,488.71).
About Capital & Counties Properties PLC
Capital & Counties Properties PLC is a United Kingdom-based property company. The Company’s principal activity is the development and management of property. The Company’s segments include Covent Garden, Earls Court Properties and Other. The Earls Court Properties division represents the Company’s interests in the Earls Court area, comprising properties held in ECPL, Lillie Square, the Empress State Building and a number of smaller properties in the Earls Court area.
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